Integra a resources 124500 oz of gold
Integra Resources acquires a 100% royalty-free interest in the Empire Group Claims encompassing the Trade Dollar – Black Jack vein system, the major historic underground producer at the Florida Mountain Project, for USD $1.6 million.
Significant past producing mine hosting both high grade and low-grade gold-silver, situated 8.5 kilometers east by road of Integra’s DeLamar gold-silver deposit. Historical underground mines at Florida Mountain are estimated to have produced a total of 133,000 ounces of gold and 15.4 million ounces of silver from 1883 to 1910.
Open-pit mining which closed in 1998 produced an additional 124,500 ounces of gold and 2.6 million ounces of silver from the Florida Mountain Project.
George Salamis, President and CEO of Integra stated, “separated by only 8.5 kilometers, the addition of Florida Mountain to our DeLamar gold-silver Project is an excellent complement to our overall strategy of consolidating a highly prospective and under-explored gold-silver district in south-western Idaho.
As with DeLamar, we view there to be significant untested potential for both low-grade and high-grade gold-silver mineralization at Florida Mountain, given the limited shallow drilling that has been conducted in the past. We are particularly impressed with the demonstrated strike-length of the vein systems at Florida Mountain, some of which are in excess of 2 kilometers long, with historically referenced vein depths in excess of 300 meters that are fully open to testing at depth.
The records from this project highlight that historically some of the highest grades of gold and silver in the district were mined from Florida Mountain and we look forward to testing this concept in future exploration programs.”
